HELOC Overview
The HELOC program is Home Equity Line Of Credit.
Index + Margin. 30 Years term, 10 Yrs I/O Draw Period followed by 20 Years Amortization.
* Index: Prime Mortgage Rate floated with the market.
Margin: Subject to loan scenarios.
HELOC Program Highlights
Expanded HELOC
Max. HCLTV/CLTV 89.99%
♦ 30 Years Term: 2, 3, 5 or 10 years Draw Period with a 10 Years Interest Only Draw Period followed by 20 Years Amortization;
♦ No Annual fee;
♦ No Prepaid Penalty;
♦ Primary & Second home are eligible;
♦ Investment Property is eligible, please call for price.
Why choose HELOC?
All in all, a HELOC may be a wonderful choice for borrowers at a time when most products’ interest rates are generally rising.
If you have any questions about HELOC Loans,
Please email to hello@aaalendings.com or call us: 1 (877) 789-8816.
